Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
You are referring to our debt, not our yearly spending. Think of it like a mortgage.
I think of it this way:
Quote:
What is GDP and why is it so important?
Measuring GDP is complicated (which is why we leave it to the economists), but at its most basic, the calculation can be done in one of two ways: either by adding up what everyone earned in a year (income approach), or by adding up what everyone spent (expenditure method). Logically, both measures should arrive at roughly the same total.
We, at the national level, are spending more than we are earning
A reasonable president would have done just that rather than all the porkulus and bailout spendings. Yes, that actually would have created jobs. But, the goal of Obama is bring America down to parity with the rest of the world.
Where is your criticism of the president that caused the problem? You remember the one that took our spending from surplus to 10T deficit. Your hatred is one sided and your argument ineffective as a result.
For the record not that you would care about reality... the economy has improved, the stock market rebounded, housing and cars are on more stable ground and jobs did get created.
His failures come from:
not getting the US energy independent.
not ending useless occupations
not holding culprits accountable
Where is your criticism of the president that caused the problem? You remember the one that took our spending from surplus to 10T deficit. Your hatred is one sided and your argument ineffective as a result.
For the record not that you would care about reality... the economy has improved, the stock market rebounded, housing and cars are on more stable ground and jobs did get created.
His failures come from:
not getting the US energy independent.
not ending useless occupations
not holding culprits accountable
The economy is not going to recover any time soon as long as the unemployment figures are around 9%, and we continue spending more than we make. The stock market has not nor will it rebound for awhile, specially now with the high price of fuel (this effects the whole economy).
http://news.yahoo.com/s/afp/20110228/pl_afp/useconomyfinancebondschina (broken link)
We have been caught with our pants down in relation to oil production on US soil: http://abcnews.go.com/Business/libya...ry?id=13020242
This car made by Government Motors is a flop:
http://detnews.com/article/20110228/AUTO01/102280401 (broken link)
Housing...you may ask? What housing to purchase when there aren't jobs?
Where is your criticism of the president that caused the problem? You remember the one that took our spending from surplus to 10T deficit. Your hatred is one sided and your argument ineffective as a result.
For the record not that you would care about reality... the economy has improved, the stock market rebounded, housing and cars are on more stable ground and jobs did get created.
His failures come from:
not getting the US energy independent.
not ending useless occupations
not holding culprits accountable
Listen, I agree with you. Bush did us no favors in a host of categories. But seriously - Where is Obama?! I'm sorry to say that the economy has NOT improved and will only continue to decline over the next 6-12 months. The stock market rebounded for a short period of time at the beginning of this year, but thanks to the rising prices of commodities (oil, corn, wheat, etc.), you are going to start to see a gradual shrinkage. Housing is FAR from being on stable ground and I think we are going to continue to see short sales and foreclosures long before this year is out. As for job creation ... seriously?
No, I'm afraid we are in pretty bad shape. I am not saying it's not going to eventually turn around. As a matter of fact I know it will. What I AM saying is that it will NOT be Obama that sorts this out. He is in WAY over his head and is seriously lacking a good board of advisors (or if he has them - he is not taking their advice).
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
